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https://www.reddit.com/r/PeterExplainsTheJoke/comments/1w4api1/petah/p77a4in/?context=3
r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago
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I doubt that anyone could explain this in a way where I would accept deflation as worse
29 u/a1b2t 8h ago today you earn $1000, next year you take a pay cut to $950 = 5% deflation 13 u/thevoidthatjerksback 8h ago What? No I already get a paycut with inflation. Deflation is where I get a pay increase. 1 u/10001110101balls 5h ago edited 5h ago With deflation, so many people lose their jobs that employers have more applicants for the remaining positions, allowing them to cut wages.
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today you earn $1000, next year you take a pay cut to $950 = 5% deflation
13 u/thevoidthatjerksback 8h ago What? No I already get a paycut with inflation. Deflation is where I get a pay increase. 1 u/10001110101balls 5h ago edited 5h ago With deflation, so many people lose their jobs that employers have more applicants for the remaining positions, allowing them to cut wages.
13
What? No I already get a paycut with inflation. Deflation is where I get a pay increase.
1 u/10001110101balls 5h ago edited 5h ago With deflation, so many people lose their jobs that employers have more applicants for the remaining positions, allowing them to cut wages.
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With deflation, so many people lose their jobs that employers have more applicants for the remaining positions, allowing them to cut wages.
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u/thevoidthatjerksback 8h ago
I doubt that anyone could explain this in a way where I would accept deflation as worse